What are the 4 Services You Must Get Rid of from your Employee Benefits Plan?

ORPP means for business

Some benefits on plans should be eliminated or enhanced to give more value to employees and stakeholders.  By having them on your plan, they are subject to abuse.  It is not necessarily your employees’ fault, and the practitioners are all too willing to take your benefit dollar as far as it can go.  Since benefit renewals are all based on … Read More

Is It About Time To Modernize Your Employee Benefits Plan?

modernize your employee benefit plan

Employee Benefit Plans of the Future A lot has changed in how a company goes about setting up its employee benefit plan.  The costs, risks and potential consequences reign immensely on a company to attract and retain great employees and be deemed an employer of choice.  Strictly setting up an insured benefit plan is not the only solution as it … Read More

How will Educating Employees on Benefit Plans Create a More Sustainable Plan?

Educating Employees on Benefit Plans

Educating employees on benefit plans means more than just explaining what their plan includes and how to make a claim. So how will educating employees on benefit plans create a more sustainable plan? Many of my clients know how much I emphasize this point with their plan sponsors.  It probably is the single most important detail in ensuring that a plan … Read More

When is it Time to Kick Your Employee Benefits Provider to the Curb?

When To Change Benefit Carriers

  When to change benefit carriers?  The quick answer is only after you’ve exhausted all other avenues with your existing carrier. Many brokers will paint this portrait of changing to their carrier will be less expensive, better service, greater satisfaction levels for employees and a vast improvement over your previous supplier.  Reality is often a much different scenario.  In fact, … Read More

How Much Should I Budget for my First Employee Benefits Plan?

benefit plan cost

So you’re challenged to get the best employees because you don’t offer a benefit plan.  You run the risk of losing a valuable employee because you don’t have a benefit plan. You want to offer security to employees, but you don’t want to jeopardize your company’s bottom line in the process. What will a benefit plan cost my business? Whatever is … Read More

How Can Your Benefits Plan Benefit From a Third Party Administrator?

why use a TPA

A prospective client asked me recently ‘why use a Third Party Administrator?’  I thought this was a blog-worthy item of interest and write about it this week as this is not the first time I’ve been asked this question. First of all, it’s important to understand what a TPA is all about and what role do they fulfil within the … Read More

9 Best Practices to Setting Up a Successful Employee Benefit Plan

employee benefit plan

All Employee Benefit Plans Should Not Be Created Equal When setting up an employee benefit plan, not enough attention is paid to future sustainability and the important considerations that need to be taken into account setting up an employee benefit plan or changing benefit providers. Weigh these tips very carefully when going through the set-up process and you can avoid … Read More

Is it Time to Get Rid of Accidental Death and Dismemberment Insurance?

accidental death and dismemberment insurance

Most companies have Accidental Death and Dismemberment Insurance (AD&D) on their group benefit plans but should they? This type of insurance provides benefits for injury resulting in loss or permanent and total loss of use of body parts.  It also pays out a benefit in the event of death caused by an accident on or off the job.  It’s a … Read More